3 Marijuana Stocks To Buy This Holiday Season
Marijuana stock investors are working on several investment strategies to prepare for 2024. Many feel that the future of the cannabis sector is where things will begin to pick up. Back in 2018 and 2019 much of the sector was showing strong consistency in trading. Yet with a lot of obstacles and legislative letdowns, it’s been tough to reach that level of trading. However, the cannabis industry has not slowed down but has only further progressed.
So some investors are holding their current position until trading reaches a level to see big returns. Others are holding their shares as well but when there is a volatile rise they do sell shares to take profits along the way. Now there are some who see their volatile declines as a signal to find the best marijuana stocks to buy. The idea behind holding shares is based on a few things. First is the passing of federal reform whether it be cannabis banking or the rescheduling of marijuana.
Whichever one becomes law first investors feel this will restore confidence and bring the trading average back up. The moment this proves to be we could see better moments and more trading which will be the time we see more shareholders take profits. Nevertheless, there is more of an optimistic outlook in investing in cannabis stocks heading into the new year. Just make sure you do your research and utilize a game plan that works in your favor to ultimately see the most upside. Below are several marijuana stocks to watch before the new year begins.
Top Marijuana Stocks For Your Watchlist Today
- Jushi Holdings Inc. (OTC:JUSHF)
- StateHouse Holdings Inc. (OTC:STHZF)
- Ascend Wellness Holdings, Inc. (OTC:AAWH)
Jushi Holdings Inc.
It focuses on building a portfolio of cannabis assets in various jurisdictions around the United States. On August 22nd the company announced the opening of its 6th Beyond Hello dispensary in Woodbridge Virginia.
Words From The Company
“Located in Prince William County in a suburban community just outside of Washington, D.C. and situated along the Potomac River, Beyond Hello™ Woodbridge marks the opening of our sixth dispensary in Virginia,” said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi Holdings Inc.”
StateHouse Holdings Inc.
StateHouse Holdings Inc. an integrated omni-channel cannabis company, engages in the cultivation, processing, manufacture, distribution, and retailing of cannabis products for the adult-use and medical markets in the United States. In recent news, the company and Stinson Brands, Inc. entered into a strategic sales agency agreement.
Under the terms of the strategic sales agency agreement, StateHouse will begin selling Stinson Brands products through its sales team and in its Harborside and Urbn Leaf dispensaries across California. StateHouse will work with its valued distribution partner, Nabis, to develop this new line of business, and expects to expand into new product categories while growing Stinson’s well-known portfolio of brands including Kikoko.
Ascend Wellness Holdings, Inc.
Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. On October 2nd the company announced it hold a third quarter 2023 earnings conference call.
This is set for Tuesday, November 7th, 2023. Ascend Wellness Leadership will participate in the call including Abner Kurtin, Executive Chairman; John Hartmann, Chief Executive Officer; and Dan Neville, Chief Financial Officer.
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